📂 Private Technology Sector

Bloomberg says Crusoe is raising $3B at a $30B valuation — triple its October Series E. Sovereign capital, a reported $13B Jane Street contract and IPO banker meetings: the pre-IPO ladder, read honestly.

Bloomberg says Cognition is set to raise about $1B at a $47B valuation, even as today's tape shows only 29.9% of names advancing. The lesson: secondary prints and model marks often re-rate a private company before the primary round confirms it.